---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-011354"
form_type: "8-K"
ticker: "TLSS"
cik: "0001463208"
company_name: "Transportation & Logistics Systems, Inc."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:19:34.018526+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TLSS exchanges 25M-share warrants for 22 preferred shares; settles $506k in liabilities with equity

## Summary
- Warrant holder exchanged warrants for up to 25M common shares for 22 shares of Series J Senior Convertible Preferred Stock.
- Settled approximately $506,576 in outstanding liabilities by issuing 5,066 shares of Series J Preferred Stock to creditors.
- Resolved law firm Akabas & Sproule litigation ($125k claim) via Series J Preferred issuance; case dismissed with prejudice.
- SCS, LLC lawsuit settled for $36,000 via 360 Series J Preferred shares; court deemed fair and dismissed action.
- Issuances exempt from registration under Sections 3(a)(9), 4(a)(2), and 3(a)(10) of the Securities Act.

## SEC filing metadata
- accession: 0001493152-25-011354
- form_type: 8-K
- ticker: TLSS
- cik: 0001463208
- company_name: Transportation & Logistics Systems, Inc.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1463208/000149315225011354/0001493152-25-011354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1463208/000149315225011354/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-011354
- JSON: https://secwatch.observer/filing/0001493152-25-011354.json
- Plain text: https://secwatch.observer/filing/0001493152-25-011354.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.